The Global Battery Recycling Market accounted for USD 8.23 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Battery Recycling Market

Battery recycling is a process that aims at diminishing the number of batteries being disposed of as municipal solid waste. Batteries consist of several heavy metals and toxic chemicals. Therefore, disposing them off as regular trash has raised concerns about water pollution and soil contamination. There is a growing demand for battery recycling in extraction of material, repackaging, reuse, and second life and disposal activities which is expected to be one of the major drivers of the market over the next seven years.

Major Market Drivers:

Stringent government regulations for battery disposal

Depletion of earth metals

High demand for recycled products and materials

Market Restraint:

Safety Issues related to storage and transportation of old batteries

Market Segmentation: Global Battery Recycling Market

The battery recycling market is segmented on the basis of chemistry into lead acid, lithium-based and nickel-based.

On the basis of source, the market is segmented into automotive, industrial, consumer & electronic appliance.

On the basis of end-use, the market is segmented into extraction of material, repackaging, reuse, and second life and disposal.

On the basis of geography, the battery recycling market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Landscape: Global Battery Recycling Market

The global battery recycling market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.